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Carrington Clarke

๐Ÿ‘ค Speaker
2861 total appearances

Appearances Over Time

Podcast Appearances

ABC Business Daily
A warning from Woolies

They're a listed company, so they're trying to talk to their shareholders about

ABC Business Daily
A warning from Woolies

and explain how they're going to ensure that they get the maximum return for their shareholders, get the biggest profit possible.

ABC Business Daily
A warning from Woolies

But they have to be careful about the way that they frame this quest for profit at a time when people are hurting.

ABC Business Daily
A warning from Woolies

And so they want to be talking about doing the right thing by their customers.

ABC Business Daily
A warning from Woolies

And that is a difficult balance.

ABC Business Daily
A warning from Woolies

They have this court action pending.

ABC Business Daily
A warning from Woolies

It's unrelated to these current price freeze.

ABC Business Daily
A warning from Woolies

But they are conscious of making sure that they're working within the bounds of the law.

ABC Business Daily
A warning from Woolies

And obviously, they contest the legal case against them by the ACCC.

ABC Business Daily
A warning from Woolies

But this is going to be a difficult time for them to play through.

ABC Business Daily
A warning from Woolies

And as you point out, she spoke about the last outbreak of inflation and the way that they dealt with that.

ABC Business Daily
A warning from Woolies

And they think there are lessons to be learned from that experience.

ABC Business Daily
A warning from Woolies

Yeah, I think the Audi, it's important to bring up Audi because part of what the big supermarket, the big two say is that they are facing increased competition.

ABC Business Daily
A warning from Woolies

Interestingly, we have had an update from Audi regarding its profit this week as well.

ABC Business Daily
A warning from Woolies

Interestingly, Audi's 2025 profit did fall about roughly 19% for last year.

ABC Business Daily
A warning from Woolies

And that seems to be because of pricing competition between them and the big two also.

ABC Business Daily
A warning from Woolies

Perhaps it's just a more difficult journey for Aldi when you are now have such considerable size within the Australian market.

ABC Business Daily
A warning from Woolies

And this is what the big two will say, right?

ABC Business Daily
A warning from Woolies

When people say there is gouging going on and that they're taking advantage of their market power, they'll say, well, actually, there is real price competition.